# Stocks, ETFs, & Options

**`Stocks & Options`**

{% hint style="success" %}
Aries does not charge commissions for trading stocks, ETFs and options listed on U.S. exchanges.

* Fees are  applied by certain regulatory agencies, some of which are passed from the broker dealer to clients as a pass through transaction. These fees are listed below.
  {% endhint %}

**`Regulatory & Clearing Fees`**

| Type                       | Fee                                                                | Rule         | Charged By                                      |
| -------------------------- | ------------------------------------------------------------------ | ------------ | ----------------------------------------------- |
| Regulatory Transaction Fee | <p>$0.0000278 times Total Trade Dollar Amount <br>\[Min $0.01]</p> | Sells Only   | Securities and Exchange Commission (SEC)        |
| Trading Activity Fee       | <p>$0.00279 times number of Contracts <br>\[Min $0.01]</p>         | Sells Only   | Financial Industry Regulatory Authority (FINRA) |
| Options Regulatory Fee     | $0.02815 times number of Contracts                                 | Buys & Sells | Options Exchanges                               |
| Clearing Fee               | <p>$0.02 \* number of Contracts</p><p>(Max $55 per Trade)</p>      | Buys & Sells | Options Clearing Corp (OCC)                     |

**`Index Options`**

<table><thead><tr><th width="298">Product</th><th>Exchange Proprietary Fee</th><th>Commissions Rate</th></tr></thead><tbody><tr><td>SPX</td><td>&#x3C;$1.00 -><strong>$0.57</strong><br>>=$1.00 -> <strong>$0.66</strong></td><td>$0.55 Per Contract</td></tr><tr><td>SPXW</td><td>&#x3C;$1.00 -><strong>$0.49</strong><br>>=$1.00 -> <strong>$0.58</strong></td><td>$0.55 Per Contract</td></tr><tr><td>VIX and VIXW (Simple Order)</td><td>&#x3C;=$0.10 -> <strong>$0.10</strong><br>$0.11 - $0.99 -> <strong>$0.25</strong><br>$1 - $1.99 -> <strong>$0.40</strong><br>>=$2.00 -> <strong>$0.45</strong></td><td>$0.55 Per Contract</td></tr><tr><td>VIX and VIXW (Complex Order)</td><td>&#x3C;=$0.10 -> <strong>$0.05</strong><br>$0.11 - $0.99 -> <strong>$0.17</strong><br>$1.00 - $1.99 -> <strong>$0.30</strong><br>>=$2.00 -> <strong>$0.45</strong></td><td>$0.55 Per Contract</td></tr><tr><td>XSP</td><td>>$2.00 -> <strong>$0.45</strong></td><td>$0.55 Per Contract</td></tr><tr><td>DJX</td><td><p>&#x3C;10 contracts -> <strong>$0.00</strong></p><p>>=10 contracts -> <strong>$0.04</strong> </p></td><td>$0.55 Per Contract</td></tr><tr><td>NDX</td><td><strong>$0.00</strong></td><td>$0.55 Per Contract</td></tr><tr><td>NDXP</td><td><strong>$0.00</strong></td><td>$0.55 Per Contract</td></tr></tbody></table>

{% hint style="success" %}
Aries charges a fee of $0.10 per contract for option orders of 500 contracts or greater, with the exception of Index Options.&#x20;
{% endhint %}

For simple VIX, a priority surcharge is assessed on contracts executed electronically that are Maker and not Market Turner by $0.20 more.

There is no exchange proprietary index options fee for Nanos, SPIKEs, and XND.


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